Opened in December of 2016, this 81-key select service hotel in Galesburg, IL. is located at I-74 and Main Street on the east side of Galesburg, IL. The community is approximately half way between the Quad Cities and Peoria, IL. The developer successfully negotiated an attractive incentive package with the city valued at $1.2 million. The hotel features the new Holiday Inn Express “Formula Blue” design package and includes 81 modern guestrooms within 3 stories, an oversized fitness center, a swimming pool, and 900sf meeting rooms.
|Targeted Equity Multiple||2.5x|
|Targeted Investment Period||5 years|
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